Shi, Y.; Yang, L.; Huang, M.; Huang, J.S. Multi-Factorized Semi-Covariance of Stock Markets and Gold Price. J. Risk Financial Manag. 2021, 14, 172. https://doi.org/10.3390/jrfm14040172
Shi, Y.; Yang, L.; Huang, M.; Huang, J.S. Multi-Factorized Semi-Covariance of Stock Markets and Gold Price. J. Risk Financial Manag. 2021, 14, 172. https://doi.org/10.3390/jrfm14040172
Shi, Y.; Yang, L.; Huang, M.; Huang, J.S. Multi-Factorized Semi-Covariance of Stock Markets and Gold Price. J. Risk Financial Manag. 2021, 14, 172. https://doi.org/10.3390/jrfm14040172
Shi, Y.; Yang, L.; Huang, M.; Huang, J.S. Multi-Factorized Semi-Covariance of Stock Markets and Gold Price. J. Risk Financial Manag. 2021, 14, 172. https://doi.org/10.3390/jrfm14040172
Abstract
Complex models have received significant interest in recent years and are being increasingly used to explain the stochastic phenomenon with upward and downward fluctuation such as the stock market. Different from existing semi-variance methods in traditional integer dimension construction for two variables, this paper proposes a simplified multi-factorized fractional dimension derivation with the exact Excel tool algorithm involving the fractional center moment extension to covariance, which is a complex parameter average that is a multi-factorized extension to Pearson covariance. By examining the peaks and troughs of gold price averages, the proposed algorithm provides more insight into revealing underlying stock market trends to see who is the financial market leader during good economic times. The calculation results demonstrate that the complex covariance is able to distinguish subtle differences among stock market performances and gold prices for the same field that the two variable covariance may overlook. We take the London, Tokyo, Shanghai, Toronto and Nasdaq as the representative examples.
Computer Science and Mathematics, Algebra and Number Theory
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Commenter:
The commenter has declared there is no conflict of interests.